Hong Kong dollar interbank rates have diverged. Interest rates have fallen for three consecutive days and hit a three-week low for the month.
On October 10th, the individual development of the Hong Kong dollar interest rate diverged, with the one-month interbank rate related to property dropping by 3.601 basis points to 3.48435%, marking a third consecutive day of decline and hitting a three-week low.
On October 10th, the Hong Kong dollar interbank rates saw individual developments, with the one-month interbank rate related to property dropping by 3.601 basis points to 3.48435%, marking a three-day consecutive decrease to a three-week low. The three-month interbank rate, reflecting the cost of bank funds, dropped by 0.733 basis points to 3.58577%.
The overnight rate rose by 12.214 basis points to 3.54131%, while the one-week interbank rate increased by 3.917 basis points to 3.48548% and the two-week interbank rate went up by 3.929 basis points to 3.5125%. In terms of longer-term rates, the six-month interbank rate dropped by 0.211 basis points to 3.41321%, and the one-year rate decreased by 0.233 basis points to 3.36821%.
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